SEC Form 4 · accession 0000899243-16-017092
JOINT Corp · JYNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
GLENHILL ADVISORS LLC
10% Owner
GLENHILL CAPITAL MANAGEMENT LLC
10% Owner
Glenn J Krevlin
10% Owner
GLENHILL CAPITAL ADVISORS, LLC
10% Owner
Period of report
Mar 29, 2016
Accepted (ET)
Mar 31, 2016 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001612630
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Mar 29, 2016 | P | 26,354 | $2.9846 | A | 1,906,454 | I | See Footnotes |
| Common StockF1,F2,F3 | Mar 30, 2016 | P | 20,111 | $3.246 | A | 1,926,565 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the total securities reported in this Form 4, following the reported transactions Glenhill Capital Overseas Master Fund, LP directly owns 1,387,283 shares, Glenhill Concentrated Long Master Fund, LLC directly owns 200,000 shares, and Glenhill Long Fund, LP directly owns 339,282 shares. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
- F2The securities reported in this Form 4 do not include shares held in third party accounts for the benefit of third parties, which are managed by one or more of the Reporting Persons and for which such Reporting Persons have investment power and receive management fees and performance-related fees (the "Managed Accounts"). Pursuant to Rule 16a-1(a)(1)-(2) of the Securities Exchange Act of 1934, as amended, the Reporting Persons are not the beneficial owner (and disclaim beneficial ownership) of such securities and have no pecuniary interest therein. On the date of this filing, there are 517,518 shares of common stock of the issuer held in such Managed Accounts.
- F3Mr. Krevlin is managing member and control person of Glenhill Advisors, LLC, and is sole shareholder of Krevlin Management, Inc., which is managing member of Glenhill Capital Advisors, LLC, which is the investment manager of Glenhill Capital Overseas Master Fund, LP, Glenhill Concentrated Long Master Fund, LLC, and Glenhill Long Fund, LP, which collectively own the reported securities (see Footnote 1). Glenhill Advisors, LLC is the managing member of Glenhill Capital Management, LLC, which is the managing member of Glenhill Concentrated Long Master Fund, LLC and Glenhill Long GP, LLC, and is sole shareholder of Glenhill Capital Overseas GP, Ltd., which is the general partner of Glenhill Capital Overseas Master Fund, LP. Glenhill Long GP, LLC is the general partner of Glenhill Long Fund LP.